📈Trading
Trading The Token
Anyone is free to trade the $SGF token P2P. We will be monitoring the performance of $SGF to ensure it is a demand-driven token.
Free Market Approach
Anyone is free to build and fund a liquidity pool for $SGF, as it's a decentralized ecosystem. Sahara Giraffes team will not fund a liquidity pool, as this would create the environment where the token can be seen as passive income. We anticipate that the price of $SGF will be naturally determined by free market trading.
We also believe (and as it has been shown in other projects), that a liquidity pool is a fast way for the project to burn through their stable reserves and a mechanism that incentivizes dumping.
Buying and selling using the Order Book
What Is an Order Book? The term order book refers to an electronic list of buy and sell orders for a specific token organized by price level. An order book lists the number of token being bid on or offered at each price point, or market depth. It also identifies the market participants behind the buy and sell orders, though some choose to remain anonymous. These lists help traders and also improve market transparency because they provide valuable trading information. Understanding Order Books Order books are used by almost every exchange to list the orders for different assets, in our case $SGF token. These orders can be both manual or electronic. Although they generally contain the same information, the set up may be slightly different depending on the source. Buy and sell information may appear on the top and bottom, or on the left and right side of the screen. An order book is dynamic, meaning it's constantly updated in real-time throughout the day. Orders that specify execution only at market open or market close are maintained separately. These are known as the “opening (order) book” and “closing (order) book” respectively.
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